Most SMEs aren\u2019t uninsured. They\u2019re misaligned, carrying insurance cover that made sense when it was first arranged but hasn\u2019t kept pace with how the business actually operates.<\/p>\n\n\n\n
Growth happens gradually. As businesses add employees, expand into new sites and take on larger orders, their risk profile shifts. But insurance cover is often renewed rather than re-examined.<\/p>\n\n\n\n
That\u2019s where misalignment begins. It tends to stay invisible until something goes wrong. Equipment insured at values that no longer reflect replacement costs can quickly strain balance sheets when a loss occurs.<\/p>\n\n\n\n
This is where the structure of cover starts to matter.<\/p>\n\n\n\n
Old Mutual Insure Multisure<\/a><\/strong> business insurance is designed to bring the main areas of business cover together, so they reflect how your business operates today.<\/p>\n\n\n\n In practical terms, this can include protection for buildings, equipment and other business property against risks such as fire, storm damage, explosion and other unexpected loss or damage.<\/p>\n\n\n\n For businesses that don\u2019t operate from a single location, cover can extend to portable and valuable assets used away from the premises or in transit, as well as electronic equipment and office contents such as computers and point-of-sale systems.<\/p>\n\n\n\n Cover remains subject to the policy\u2019s terms and limits.<\/p>\n\n\n\n Assets, however, are only part of the picture.<\/p>\n\n\n\n A customer slipping on a wet floor or a consumer alleging financial loss due to an error in your work can escalate into a legal and financial problem if cover is not structured appropriately.<\/p>\n\n\n\n Broadform Liability cover is designed to protect a business if it is found legally liable for injury, damage or loss arising from its operations, subject to policy terms.<\/p>\n\n\n\n Employers\u2019 Liability cover helps protect against legal claims arising from employee injury in the workplace.<\/p>\n\n\n\n